U.S. Department of Commerce and Peace
Peace and Wormhole
And Wormhole and @boundless_xyz
Boundless provides NTT ZK consensus proof to Wormhole.
It offers stronger security through the existing Guardian signature + Boundless ZK proof's 2of2 dual verification system.
Here, the U.S. Department of Commerce (government) emphasizes that 'integrity and security' are the most important.
Currently, it's just GDP data, but what if more data is provided in the future?
The integrity requirements for government data may not be sufficient with just the existing Guardian signature, so [ZK verification] could be adopted as a necessary option.
Especially from the perspective of institutional clients, the combination of "government data + ZK proof" may be preferred.
(This is because it is the most reliable data combination.)
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As Wormhole is selected as the official data pipeline for the U.S. government, a narrative may form that Boundless has indirectly gained government-level trustworthiness.
If we think about specific revenue paths for $ZKC:
- Prover network expansion: Increased demand for ZKC staking due to government data ZK proof generation
- Premium services: Higher fees set for government + ZK level data options (this is purely from a monetization perspective rather than expansion)
- Institutional clients: Securing financial institutions/RWA issuers with high compliance requirements
This is how it can be viewed.
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Of course, currently, ZK verification is optional for NTT users, and since it is only supported on Ethereum and L2, there are limitations.
Additionally, since the ZK market is just starting, there may also be competitive dynamics with existing competing ZK projects.
Nevertheless, although it is indirect and still a future story... I think we can expect meaningful benefits.
The $PYTH partnership with the U.S. Department of Commerce is about putting the U.S. quarterly GDP figures on-chain.
PYTH (data validation and distribution) + $W (multi-chain interoperability) are responsible for this.
This marks the first official adoption of blockchain data infrastructure by a U.S. federal agency and is akin to proving compliance with [government-level data integrity requirements].
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There has been a confirmed influx of new investors with a net inflow of 15.3M pyth into new wallets over the past 24 hours (2-3 times the usual).
Of course, with the surge in OI and significant leverage funds coming in, caution is advised regarding volatility.
As mentioned above, since this is a 'historic moment', it seems likely that this atmosphere can be sustained.
If we turn our hopes a bit further, it expands the possibility of 'new financial products with government data', which is very positive for DeFi as well.
(There could be benefits like GDP-linked derivatives, macro index tokens, and automated DAO financial management.)
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The competition with $LINK and the renaissance of oracles may also come to the forefront.
Chainlink has significantly expanded into traditional finance, so it doesn't seem like they will be falling behind immediately.
(It's more likely to be a coexistence model rather than fierce competition.)
Here, $W Wormhole could be positioned as essential middleware, and we might expect steady activation.
-> Just looking at it now, there are wormhole messaging occurrences among 9 chains with each GDP/CPI update.
Expanding additional datasets = linear increase in message volume = potential connection to $W value increase?
Of course, this isn't an immediate story, so we shouldn't get ahead of ourselves, haha. The current rise is ultimately due to 'expectation'.
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@Surf_Copilot Surprisingly, all this data is powered by Surf.
Of course, I've mixed in my own views as well.
The important thing is that the gap will likely widen between those who utilize AI in the future.
Especially, a craftsman does not blame the tools?
No, no, I think tools will account for over 90% now.
So just make sure to try Surf without fail.
Free trial codes:
BQIQVQ4WK4S6
1ENZTQ6UCBPR
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18.6K
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